HDFC Life Insurance announced its results for Q3 FY2024 on January 12, 2024. Total revenue rose by 37.5% and profit rose by 16.34% year-on-year.
Compared to the previous quarter, revenue increased by 16.19% and profit decreased by 2.82%.
Selling, general and administrative expenses increased by 94.17% on a quarterly basis and increased by 3.52% on a yearly basis.
Operating income decreased by 29.24% on a quarterly basis and increased by 31.51% on a yearly basis.
EPS is $1.52 for Q3FY24 which increased by 3.05% YoY.
HDFC Life Insurance Company had a return of -0.61% in the last week, a return of -5.38% in the last 6 months, and a return of -0.42% since the beginning of the year.
Currently, HDFC Life Insurance has a market capitalization of $138467.7 Chrom and 52 week high/low $710.6 & $457.8 respectively.
As of January 14, 2024, out of 29 analysts covering the company, 4 analysts have given a Hold rating, 15 analysts have given a Buy rating, and 10 analysts have given a Strong Buy rating.
The consensus recommendation as of January 14, 2024 was Strong Buy.
Financial statements of HDFC Life Insurance Company
| a period | Q3 FY24 | Q2 FY24 | Growth on a quarterly basis | Q3 FY23 | Growth on an annual basis |
|---|---|---|---|---|---|
| Total revenue | 27029.15 | 23263.35 | +16.19% | 19657.1 | +37.5% |
| Total selling/general/administrative expenses | 1403.99 | 723.06 | +94.17% | 1356.22 | +3.52% |
| Total operating expenses | 26727.72 | 22837.34 | +17.04% | 19427.89 | +37.57% |
| Operating income | 301.43 | 426.01 | -29.24% | 229.21 | +31.51% |
| Net income before taxes | 369.44 | 332.19 | +11.21% | 315.28 | +17.18% |
| net income | 367.54 | 378.2 | -2.82% | 315.91 | +16.34% |
| Diluted EPS | 1.52 | 1.72 | -11.56% | 1.48 | +3.05% |
common questions
Question: What is the profit/loss for the third quarter of fiscal year 2024 by company?
Answer: Rs 367.54 crore
Question: What are the revenues for the third quarter of fiscal year 2024?
Answer: Rs 27,029.15 crore
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